Chinese firm seeks payment for N5000 notes

Photo: Saharareporters.com

Abuja – Following the decision to halt the introduction of the controversial N5000 notes, a Chinese firm has written to the Nigerian federal government asking to be paid for bundles…

Jonathan Agrees To Reverse N5000 Note Plan

President Goodluck Jonathan has agreed to reverse his administration’s plan to introduce the 5000 naira note.

The currency restructuring, announced by the Central Bank of Nigeria, would have seen the unveiling of the N5000 note as the highest naira denomination while lower currencies were to be converted to coins.

Weeks of public outrage criticizing the policy culminated in the Senate and the House of Representatives, approving separate resolutions on Tuesday, demanding…

N5000 note will kill production – Obasanjo

Former President Olusegun Obasanjo on Thursday said the introduction of the N5,000 note would kill production and affect small businesses negatively.

Obasanjo, who spoke at a roundtable advocacy forum organised by the Institute of Directors, Nigeria, in Lagos, said…

N5,000 Note: Nigerians say ‘No’

By Michael EbohPlans by the Central Bank of Nigeria to restructure the country’s currencies, especially the introduction of N5,000 note, will facilitate corruption, promote money laundering and increase financing of terrorist activities, say stakeholders in the financial sector.

The…

1. We Bought Gun For N5,000, Mounted Road Block To Rob —Suspects Confess

•Seun, and Kolawole

Two robbery suspects who allegedly confessed to the police after their arrest that they bought a gun in the open market in Badagry for N5,000 and mounted road block to rob people, have been arraigned in court.Men of the Federal Anti-Robbery Squad at Adeniji-Adele…